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What is piece rate of wage payment? - Business Studies

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Question

What is piece rate of wage payment?

Very Short Answer
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Solution

Under the piece rate system of wage payment, workers receive remuneration based on the number of pieces they produce.

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Chapter 8: Staff Remuneration - EXERCISES [Page 116]

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Goyal Brothers Prakashan Business Studies [English] Class 12 ISC
Chapter 8 Staff Remuneration
EXERCISES | Q I. C. 2. | Page 116
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